Visa Launches mPOS Services in Taiwan
Visa Taiwan has launched the Visa mPOS system to provide credit card payment processing services to smaller-scale retailers and individual merchants.
The system uses an add-on module compatible with mobile devices such smartphones and tablets with broadband connectivity to enable credit card payment processing on-the-go. It is available on mobile operating systems including both Google's Android and Apple's iOS, and leverages the processing capabilities featured in late model tablet computers and handsets.
The mPOS system stands up to the Europay, MasterCard and Visa (EMV) certification, a global authentication standard for secured electronic transactions based on integrated circuit cards (IC) and IC card capable point of sale (POS) terminals.
Currently, the company is in talks with nine Taiwan-based financial institutions, including Fubon Bank, Cathay Bank and Bank Sinopac.